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Macro - Country Economic Forecasts - Denmark

Publisher Oxford Economics
Published Mar 20, 2026
Length 8 Pages
SKU # OFE21077182

Description

We have lowered our 2026 GDP growth forecast for Denmark by 0.4ppts to 0.3%. The economy expanded in Q4, with growth supported by strong one-off government investment and positive gross-value add from pharmaceuticals despite the sharp contraction in actual production. A sharp correction expected in Q1 2026 prompted us to lower our annual GDP growth forecast. Currently, we expect the conflict escalation in the Middle East to have a limited impact on the Danish economy, but risks are skewed to the downside.

Table of Contents

8 Pages
Denmark: Tax cuts will keep energy prices deflationary
Forecast overview
Recent developments
Short
term outlook
Key drivers of our short
term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long
term prospects
Alternative long
run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy and politics

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